The Russian bank launches digital assets on fuel, encrypting conventional gas

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Alfa-Bank, Russia’s largest private bank, has just launched a digital financial asset (DFA) backed by regular unleaded gasoline currently sold at gas stations nationwide. The product allows investors, upon maturity, to choose between receiving cash with interest or exchanging for a fuel card to purchase gasoline.

This initiative is implemented in collaboration with EuroTrans, the operator of the Trassa gas station chain, and issued through Alfa-Bank’s exclusive A-Token platform. Each token represents a claim in cash or the right to receive 100 liters of AI-95 gasoline at a fixed price.

When it matures in early March next year, investors can receive the face value plus a fixed interest rate of 20% per year, or opt for a fuel exchange based on market prices. With a face value of 6,650 rubles per token, the pilot issuance has a total scale of 50 million rubles and is currently only available in Moscow and the surrounding area. The product is seen as a practical example of combining digital assets with tangible consumer goods.

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